BAJAJ BROKING
At Bajaj Broking, we continuously strive to provide our clients with strategic and profitable trading opportunities. This time, we are excited to recommend CESC (CMP: 175) as our alpha trade recommendation with a time horizon of 35 days. This blog will provide a comprehensive analysis and the rationale behind this recommendation.
CESC Limited, part of the RP-Sanjiv Goenka Group, is a leading power utility company in India. It is primarily engaged in the generation, transmission, and distribution of electricity. CESC serves millions of customers across Kolkata, Howrah, and other parts of West Bengal. The company operates through various subsidiaries and has a significant presence in renewable energy. With a strong commitment to sustainability and innovation, CESC continues to play a crucial role in India's power sector.
Investors looking for a promising opportunity can consider CESC, with its strong technical indicators and favourable risk-reward setup. The breakout above the recent trading range, coupled with the support from the 50-day EMA and the RSI buy signal, makes CESC a compelling buy. With a target price of 192 and a duration of 35 days, this recommendation aligns with our objective of providing strategic alpha trades.
Our track record demonstrates a high success rate with a strike rate of 81% and an average return of 9%. This reinforces our confidence in the current recommendation for CESC.
Stay tuned for more insights and trade recommendations from Bajaj Broking. Happy investing!
Note: All values are mentioned as of August 1, 2024, 10:00 AM.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
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